BlackBerry (TSX:BB) ROCE % : -6.99% (As of Feb. 2024)

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What is BlackBerry ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. BlackBerry's annualized ROCE % for the quarter that ended in Feb. 2024 was -6.99%.

BlackBerry ROCE % Historical Data

The historical data trend for BlackBerry's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BlackBerry ROCE % Chart

BlackBerry Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-5.90

-3.71

-9.39

-14.93

-7.25

BlackBerry Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-16.49	-2.55	-22.60	-5.85	-6.99

BlackBerry ROCE % Calculation

BlackBerry's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-97.2	/	( ( (2258.927 - 980.797)	+	(1883.25 - 480.6) )	/ 2 )
	=	-97.2	/	( (1278.13	+	1402.65)	/ 2 )
	=	-97.2	/	1340.39
	=	-7.25 %

BlackBerry's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-91.8	/	( ( (1918.98 - 696.316)	+	(1883.25 - 480.6) )	/ 2 )
	=	-91.8	/	( ( 1222.664	+	1402.65 )	/ 2 )
	=	-91.8	/	1312.657
	=	-6.99 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

BlackBerry (TSX:BB) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

BlackBerry ROCE % Related Terms

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BlackBerry (TSX:BB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlackBerry Ltd (TSX:BB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BB:USA BB:Mexico RI1:Germany RI1:Germany RI1:Germany BBRY:Argentina

Address

2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7

Website

https://www.blackberry.com

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.